Twilio (NYSE:TWLO) Downgraded by StockNews.com to Hold

Twilio (NYSE:TWLO) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

Other equities analysts have also recently issued reports about the company. Piper Sandler reissued an “overweight” rating and set a $83.00 price target (up from $77.00) on shares of Twilio in a report on Friday, August 2nd. Morgan Stanley cut Twilio from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $70.00 to $60.00 in a report on Friday, June 14th. JPMorgan Chase & Co. raised their target price on Twilio from $76.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Wells Fargo & Company raised their target price on Twilio from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $71.00 target price on shares of Twilio in a report on Monday, May 20th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $70.52.

Twilio Stock Performance

Shares of NYSE TWLO traded down $0.36 during midday trading on Wednesday, hitting $60.84. 1,470,755 shares of the stock traded hands, compared to its average volume of 2,800,739. The firm has a 50-day moving average of $59.18 and a two-hundred day moving average of $59.27. The firm has a market capitalization of $10.41 billion, a P/E ratio of -15.17, a PEG ratio of 3.57 and a beta of 1.35. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.57 and a current ratio of 5.57. Twilio has a one year low of $49.86 and a one year high of $78.16.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.17. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.23) EPS. On average, equities analysts forecast that Twilio will post 0.54 EPS for the current fiscal year.

Insider Activity

In other news, CEO Khozema Shipchandler sold 24,657 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $57.00, for a total transaction of $1,405,449.00. Following the completion of the transaction, the chief executive officer now owns 311,325 shares in the company, valued at $17,745,525. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Khozema Shipchandler sold 24,657 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $57.00, for a total transaction of $1,405,449.00. Following the completion of the transaction, the chief executive officer now owns 311,325 shares in the company, valued at $17,745,525. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Aidan Viggiano sold 6,797 shares of Twilio stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $56.33, for a total value of $382,875.01. Following the completion of the transaction, the chief financial officer now owns 195,048 shares of the company’s stock, valued at approximately $10,987,053.84. The disclosure for this sale can be found here. Insiders sold a total of 71,687 shares of company stock worth $4,082,924 over the last 90 days. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Twilio by 0.8% in the first quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock worth $1,097,665,000 after acquiring an additional 140,791 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Twilio by 35.9% during the fourth quarter. Van ECK Associates Corp now owns 2,856 shares of the technology company’s stock valued at $217,000 after buying an additional 754 shares during the period. Greenwood Capital Associates LLC purchased a new position in shares of Twilio during the fourth quarter valued at approximately $478,000. V Square Quantitative Management LLC boosted its position in shares of Twilio by 68.2% during the fourth quarter. V Square Quantitative Management LLC now owns 1,954 shares of the technology company’s stock valued at $148,000 after buying an additional 792 shares during the period. Finally, Ables Iannone Moore & Associates Inc. purchased a new position in shares of Twilio during the fourth quarter valued at approximately $1,689,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Company Profile

Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication.